RTTNews | Aug 26, 2021 06:18AM EDT

06:18 Thursday, August 26, 2021 (RTTNews.com) - Greenbrier Companies, Inc. (GBX), a supplier of equipment and services to freight transportation markets, Thursday said it has received new orders totaling 5,500 units valued at more than $530 million during its fourth quarter.

The latest orders comprise a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers and gondolas. The company noted that the orders increases its backlog and provides further visibility entering fiscal 2022.

Certain orders are subject to customary documentation and completion of terms.

William Furman, Chairman and CEO said, "Greenbrier continues to see momentum in our markets as we navigate the economic recovery and COVID variants. .. Greenbrier's proven ability to adjust production capacity in response to growing demand positions us to actively secure new orders, strengthening our backlog. We expect this order trend to continue into fiscal 2022."

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